Skip to main content


Volume 175: debated on Thursday 28 June 1990

The text on this page has been created from Hansard archive content, it may contain typographical errors.


To ask the Minister of Agriculture, Fisheries and Food what was the largest green pound discrepancy for cereals in the periods 1974 to 1979 and 1980 to 1989; and what was the largest devaluation achieved.

The largest green pound discrepancies for the cereals sector in the periods referred to by my hon. Friend, as measured by the percentage monetary compensatory amount (MCA), were 45·0 per cent. in November 1976 and 32·8 per cent. in February 1987.The largest devaluation of the green pound for cereals was 9·75 per cent. in August 1979.